Possible Path For US Stocks in Early 2022

If the S&P 500 (SPX) can soon make a new all-time high it could be completing an Elliott Impulse wave up from the 12/03/21 bottom.

The daily SPX chart courtesy of Trading View illustrates the development of a possible five wave move up.

The SPX in early 2022 could be repeating  what happened to the Dow Jones Industrial Average in January 1973.  This  analogy will be examined  If the SPX  makes a  new all-time high.    

Published by Mark Rivest

Independent investment advisor, trader, and writer. Articles have appeared on Technical Analysis of Stocks and Commodities , Traders.com Advantage, Futuresmag.com, and Finance Magnates.

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